WRITTEN NOTICE CORE UK GROUP PERMISSION

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WRITTEN NOTICE

CORE UK GROUP PERMISSION

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To: The Royal Bank of Scotland plc; National Westminster Bank plc; Adam & Company plc;

Coutts & Company; and Ulster Bank Limited

(each a “firm” and collectively the “firms”)

Reference Number: 1847225; 1882274; 1882275; 1882285; 1882296

Date: 26 November 2014

ACTION

(1) In accordance with Article 113(6) of Regulation 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms (the “CRR”), the Prudential Regulation Authority (“the PRA”) has decided to grant the firm permission not to apply the requirements of Article 113(1) CRR to exposures to the counterparties listed in the Annex to this written notice. This permission does not apply to exposures giving rise to Common Equity Tier 1, Additional Tier 1 or Tier 2 items.

(2) In the event that the conditions for grant of this Core UK Group Permission set out in Article 113(6) of the CRR cease to be met, the PRA may vary the terms and conditions of the Core UK Group Permission or revoke the Core UK Group Permission in whole or in part.

Effect

(3) This permission takes effect on 26 November 2014 and expires on 30 June 2016.

(4) This permission supersedes and replaces previous permissions with permission numbers 1786220, 1786222, 1786228, 1786225 and 1786224.

Decision-Maker

(5) The decision which gave rise to the obligation to give this Notice was made by Rebecca Jackson, Head of Department Major UK Banks.

Publication

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PRA contacts

(7) For more information concerning this matter generally, the firm should contact its usual supervisory contact.

Kirsty Dingwall Authorisations

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ANNEX

Counterparties

1

ADAM & CO PLC

2

ADAM & COMPANY GROUP PUBLIC LIMITED COMPANY

3

ADAM AND COMPANY INVESTMENT MANAGEMENT LIMITED

4

CARE HOMES 1 LIMITED

5

6

7

CARE HOMES HOLDINGS LIMITED

8

CHURCHILL MANAGEMENT LIMITED

9

CNW GROUP LIMITED

10

CNW SECURITIES JAPAN (HOLDINGS) LIMITED

11

COUTTS & CO

12

COUTTS FINANCE CO

13

DESERTLANDS ENTERTAINMENT LIMITED

14

DISTANT PLANET PRODUCTIONS LIMITED

15

EURO SALES FINANCE PLC

16

GL TRAINS LIMITED

17

HELENA PRODUCTIONS LIMITED

18

LECKHAMPTON FINANCE LIMITED

19

LOMBARD & ULSTER LIMITED

20

LOMBARD BUSINESS FINANCE LIMITED

21

LOMBARD BUSINESS LEASING LIMITED

22

LOMBARD CHARTERHIRE LIMITED

23

LOMBARD CORPORATE FINANCE (1) LIMITED

24

25

26

27

28

29

30

31

32

33

LOMBARD CORPORATE FINANCE (DECEMBER 1) LIMITED

34

35

36

LOMBARD CORPORATE FINANCE (JUNE 2) LIMITED

37

LOMBARD CORPORATE FINANCE (MARCH 1) LIMITED

38

LOMBARD CORPORATE FINANCE (SEPTEMBER 1) LIMITED

39

LOMBARD DISCOUNT LIMITED

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41

LOMBARD FINANCE LIMITED

42

LOMBARD HOME LOANS LIMITED

43

LOMBARD INITIAL LEASING LIMITED

44

LOMBARD LEASING CONTRACTS LIMITED

45

LOMBARD LESSORS LTD

46

LOMBARD MARITIME LIMITED

47

LOMBARD NORTH CENTRAL LEASING LIMITED

48

LOMBARD NORTH CENTRAL PLC

49

LOMBARD PROPERTY FACILITIES LIMITED

50

LOMBARD TECHNOLOGY SERVICES LIMITED

51

LOMBARD VEHICLE MANAGEMENT (1) LIMITED

52

53

54

LOMBARD VEHICLE MANAGEMENT LIMITED

55

LOMBARD VENTURE FINANCE LIMITED

56

NANNY MCPHEE PRODUCTIONS LIMITED

57

NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY

58

NATIONAL WESTMINSTER HOME LOANS LIMITED

59

NATWEST CAPITAL FINANCE LIMITED

60

NATWEST CORPORATE INVESTMENTS

61

NATWEST LEASE MANAGEMENT LTD

62

NATWEST LEASING & ASSET FINANCE LIMITED

63

NATWEST MACHINERY LEASING LIMITED

64

NATWEST PROPERTY INVESTMENTS LTD

65

NATWEST SPECIALISED PROPERTY INVESTMENTS LIMITED

66

NATWEST VENTURES INVESTMENTS LTD

67

P OF A PRODUCTIONS LIMITED

68

PATALEX II PRODUCTIONS LIMITED

69

PATALEX III PRODUCTIONS LIMITED

70

PATALEX IV PRODUCTIONS LIMITED

71

PATALEX PRODUCTIONS LIMITED

72

PATALEX V PRODUCTIONS LIMITED

73

PITTVILLE LEASING LIMITED

74

PREMIER AUDIT COMPANY LIMITED

75

PRICE PRODUCTIONS LIMITED

76

PRIMEMODERN LIMITED

77

RB ASSET VALUE LIMITED

78

RB CAPITAL LEASING LIMITED

79

RB EQUIPMENT LEASING LIMITED

80

RB INVESTMENT HOLDINGS LIMITED

81

RB INVESTMENTS 1 LIMITED

82

83

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85

RB LEASING (BLUEWATER) LIMITED

86

RB LEASING (DECEMBER) LIMITED

87

RB LEASING (EDEN) LIMITED

88

RB LEASING (MARCH) LIMITED

89

RB LEASING (SEPTEMBER) LIMITED

90

RB LEASING COMPANY LIMITED

91

RB QUADRANGLE LEASING LIMITED

92

RBDC ADMINISTRATOR LIMITED

93

RBDC INVESTMENTS LIMITED

94

RBEF LIMITED

95

RBS ASSET FINANCE EUROPE LIMITED

96

RBS ASSET MANAGEMENT (ACD) LIMITED

97

RBS ASSET MANAGEMENT HOLDINGS

98

RBS ASSET MANAGEMENT LIMITED

99

RBS CI LIMITED

100

RBS INVESTMENT LIMITED

101

RBS INVOICE FINANCE (HOLDINGS) LIMITED

102

RBS INVOICE FINANCE LIMITED

103

RBS MEZZANINE LIMITED

104

RBS SME INVESTMENTS LIMITED

105

RBS SPECIAL INVESTMENTS LIMITED

106

RBS SPECIAL OPPORTUNITIES GENERAL PARTNER (ENGLAND) LIMITED

107

RBS SPECIAL OPPORTUNITIES GENERAL PARTNER (SCOTLAND) II _LIMITED

108

RBS SPECIAL OPPORTUNITIES GENERAL PARTNER (SCOTLAND) LTD

109

RBS SPECIALISED PROPERTY INVESTMENTS LIMITED

110

RBSG COLLECTIVE INVESTMENTS HOLDINGS LIMITED

111

RBSG INTERNATIONAL HOLDINGS LIMITED

112

RBSM CAPITAL LIMITED

113

RBSSAF (10) LIMITED

114

RBSSAF (11) LIMITED

115

RBSSAF (12) LIMITED

116

RBSSAF (13) LIMITED

117

RBSSAF (16) LIMITED

118

RBSSAF (19) LIMITED

119

RBSSAF (2) LIMITED

120

NORTHERN ISLES FERRIES LIMITED

121

RBSSAF (22) LIMITED

122

RBSSAF (23) LIMITED

123

RBSSAF (25) LIMITED

124

RBSSAF (26) LIMITED

125

RBSSAF (3) LIMITED

126

RBSSAF (4) LIMITED

127

RBSSAF (6) LIMITED

128

RBSSAF (7) LIMITED

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129

RBSSAF (8) LIMITED

130

ROBOSCOT DEVCAP LIMITED

131

ROBOSCOT EQUITY LIMITED

132

ROBOSCOT VENTURES LIMITED

133

ROYAL BANK ASSET FINANCE LIMITED

134

ROYAL BANK DEVELOPMENT CAPITAL LIMITED

135

ROYAL BANK INVESTMENTS LIMITED

136

ROYAL BANK INVOICE FINANCE LIMITED

137

ROYAL BANK LEASING LIMITED

138

ROYAL BANK OF SCOTLAND (INDUSTRIAL LEASING) LIMITED

139

ROYAL BANK OPERATING LEASING LIMITED

140

ROYAL BANK PROJECT INVESTMENTS LIMITED

141

ROYAL BANK VENTURES INVESTMENTS LIMITED

142

ROYAL BANK VENTURES LIMITED

143

ROYAL SCOT LEASING LIMITED

144

ROYSCOT FINANCIAL SERVICES LIMITED

145

ROYSCOT LARCH LIMITED

146

ROYSCOT TRUST PLC

147

SANDFORD LEASING LIMITED

148

STAR 1 SPECIAL PARTNER LIMITED

149

STYLE FINANCIAL SERVICES LIMITED

150

THE ONE ACCOUNT LIMITED

151

THE ROYAL BANK OF SCOTLAND GROUP PUBLIC LIMITED COMPANY

152

THE ROYAL BANK OF SCOTLAND INVOICE DISCOUNTING LIMITED

153

THE ROYAL BANK OF SCOTLAND PUBLIC LIMITED COMPANY

154

THEOBALD FILM PRODUCTIONS LLP

155

TOTAL CAPITAL FINANCE LIMITED

156

ULSTER BANK COMMERCIAL SERVICES (NI) LTD

157

ULSTER BANK LTD

158

VOYAGER LEASING LIMITED

159

W&G INDUSTRIAL LEASING LIMITED

160

W&G LEASE FINANCE LIMITED

161

WEST REGISTER (INVESTMENTS) LIMITED

162

UB SIG (NI) LTD

163

WEST REGISTER NUMBER 2 LIMITED

164

WILLIAMS & GLYN'S LEASING COMPANY LIMITED

165

WINCHCOMBE FINANCE LIMITED

166

RBS AA HOLDINGS (UK) LTD

167

RBS MANAGEMENT SERVICES (UK) LTD

168

RBS INVESTMENT HOLDINGS (UK) LTD

169

RBOS (UK) LTD

170

RBS CORPORATE FINANCE LTD

171

RBS EQUITIES HOLDINGS (UK) LTD

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173

RBS FINANCE (UK) LTD

174

RBS EQUITIES (UK) LTD

175

RBS EQUITY PRODUCTS (UK) LTD

176

RAINGROVE LTD

177

RBS LEASE FINANCE (UK) LTD

178

RBS HG (UK) LTD

179

RBS DEVELOPMENT (UK) LTD

180

RBS OVERSEAS (UK) LTD

181

NATIONAL WESTMINSTER PROPERTIES NO. 1 LIMITED

182

NATWEST (DEANSGATE) INVESTMENTS LIMITED

183

THE ROYAL BANK OF SCOTLAND FINANCE (IRELAND)